All Forum Posts by: Henry Rodriguez

Happy Sunday! I’m seeking advice on where to invest my money next.

I currently own two properties in California, and at 21 years old, my goal is to continue purchasing properties and eventually pay them off to achieve financial freedom.

I’m considering two options:

1. Converting my garage into a studio: The conversion would cost approximately $20,000, and I could potentially earn $1,400 per month in rent.

2. Investing in a fix & flip or BRRRR strategy: I have about $75,000 in my bank account that I could use to acquire and renovate another property, which could help me build more capital.

Which option would you recommend for maximizing my investment potential? Thank you!

I'm considering refinancing my current VA loan, which has a 5.6% interest rate and a monthly payment of $3,200, into a conventional loan. I currently rent out my property for $4,100, giving me a cash flow of $900 per month. However, refinancing would likely mean I'd have to pay PMI, which could reduce my cash flow. I'm planning to refinance my Va Loan to a Convential Loan to free up my Va Loan again to buy a duplex for house hacking. Given these factors, is it worth losing some cash flow by refinancing to a conventional loan, or should I explore other options?